Acquisitions at a tech platform

Just wondering if anyone has insight into acquisitions at tech platforms like Cadre, Fundrise, Yieldstreet, etc. 

What is the comp and acquisition process like? I assume it is even more detailed because, while you are LP, you essentially have to sell the deal back to your investors.

Would love any insight from anyone that has experience. 


Thanks, 

 
Most Helpful

I interviewed at one of those crowdfunding platforms for a real estate analyst role, but inquired about the acquisitions role since it seemed more my speed. Most of these platforms are in the early stages of their GP business line, so the deals are much smaller compared to most of what is listed on their platform. The platform I spoke to was targeting $20M value-add multifamily deals for their GP business, with the goal of eventually investing in mostly institutional quality assets. The organization had an investment committee that looked at every acquisition, and a due diligence team as well. 

They try to hire people from the CRE industry with 2-5 years experience for lower level acquisitions roles. The real estate analyst position I interviewed for was $65k+ bonus. An acquisitions associate, which they wanted 3-4 years CRE multifamily acquisitions experience, was around the $100k+ bonus mark. I ended up not going for analyst role because it was less than what I was currently making, and didn't have the years of experience they wanted for acquisitions associate. 

One thing I questioned is why would retail investors trust the deals the platform is the GP over deals other developers listed on the platform. They claim to investors there's a strict underwriting protocol for deals listed on the platform, does that same level of scrutiny apply to their own deals? It's tough to find a good value add multifamily deal using conservative assumptions these days. I think the lure for investors not very sophisticated in CRE was that the platform would evaluate institutional deals for them, serve as a mediator. This relationship gets murky once the platform starts listing their own deals. 

 

Accusamus hic numquam repellat hic et quasi impedit. Deserunt eveniet labore reiciendis optio eius consequatur. Minima qui est fuga ad quis eum ex.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”